Best Credit Cards for Groceries in Canada
What You Should Know
- Best credit cards for groceries in Canada offer up to 6% back in rewards on grocery shopping.
- Some grocery stores may not accept some credit card networks while some credit cards may not recognize some stores as grocery stores.
- You should carefully look into what grocery stores your credit card recognizes to maximize your bonuses.
- You can determine if a store is categorized as a grocery store through its assigned merchant code.
6 Best Credit Cards for Groceries
Best Rewards Credit Card for Groceries
$120.00
Purchase: 19.99%
Cash: 24.99%
Transfer: 22.99%
Household: $150,000
Individual: $80,000
Fair
Rewards: MBNA Points
1 MBNA Point ≈ ¢1
- 5 MBNA Points for each $1 spent on: grocery, restaurants and recurring bills.5 MBNA Points ≈ $0.05 in cash equivalent.
- 1 MBNA Point for each $1 spent on: everything else.1 MBNA Point ≈ $0.01 in cash equivalent.
Best Cash Back Credit Card for Groceries
$120.00
Purchase: 20.99%
Cash: 23.99%
Transfer: 23.99%
Household: $150,000
Individual: $80,000
Fair
Cash Back
- 5% Cashback for each $1 spent on: grocery.
- 4% Cashback for each $1 spent on: transit.
- 3% Cashback for each $1 spent on: gas.
- 2% Cashback for each $1 spent on: recurring bills.
- 1% Cashback for each $1 spent on: everything else.
Best No Fee Credit Card for Groceries
$0.00
Purchase: 20.99%
Cash: 22.99%
Transfer: 22.99%
Income Requirement Is Not Specified.
Fair
Cash Back
- 3% Cashback for each $1 spent on: grocery.
- 1% Cashback for each $1 spent on: recurring bills.
- 0.5% Cashback for each $1 spent on: everything else.
Best Rewards Credit Cards for Gas + Groceries
$155.88
Purchase: 20.99%
Cash: 21.99%
Income Requirement Is Not Specified.
Fair
Rewards: AMEX Points
1 AMEX Point ≈ ¢1
- 5 AMEX Points for each $1 spent on: grocery, restaurants and food delivery.5 AMEX Points ≈ $0.05 in cash equivalent.
- 3 AMEX Points for each $1 spent on: streaming.3 AMEX Points ≈ $0.03 in cash equivalent.
- 2 AMEX Points for each $1 spent on: gas, travel and transit.2 AMEX Points ≈ $0.02 in cash equivalent.
- 1 AMEX Point for each $1 spent on: everything else.1 AMEX Point ≈ $0.01 in cash equivalent.
Best Cashback Credit Cards for Gas + Groceries
$99.00
Purchase: 19.50%
Cash: 21.99%
Household: $100,000
Individual: $60,000
Fair
Cash Back
- 4% Cashback for each $1 spent on: gas and grocery.
- 2% Cashback for each $1 spent on: utility and drugstores.
- 1% Cashback for each $1 spent on: everything else.
Best No Fee Credit Card for Gas + Groceries
$0.00
Purchase: 21.99%
Cash: 22.97%
Household: $150,000
Individual: $80,000
Excellent
Rewards: PC Points*
1 PC Point ≈ ¢0.1
- 45 PC Points for each $1 spent on: drugstores.45 PC Points ≈ $0.045 in cash equivalent.
- 30 PC Points for each $1 spent on: gas and grocery.30 PC Points ≈ $0.03 in cash equivalent.
- 10 PC Points for each $1 spent on: everything else.10 PC Points ≈ $0.01 in cash equivalent.
Best Grocery Credit Cards for Reward
- Receive 3500 Avion points when you spend $500.00 during the first 3 months.
- Receive 3500 Avion points when you make 1 purchase.
$48.00
Purchase: 20.99%
Cash: 22.99%
Income Requirement Is Not Specified.
Fair
Rewards: Avion Points
1 Avion Point ≈ ¢0.58
- 3 Avion Points for each $1 spent on: gas, grocery, streaming, EV charging and entertainment.3 Avion Points ≈ $0.0174 in cash equivalent.
- 1 Avion Point for each $1 spent on: everything else.1 Avion Point ≈ $0.0058 in cash equivalent.
- Receive 20000 Scene+ points when you spend $2,000.00 during the first 3 months.
- Receive 20000 Scene+ points when you spend $7,500.00 during the first 12 months.
$120.00
Purchase: 20.99%
Cash: 22.99%
Individual: $12,000
Excellent
Rewards: Scene+ Points
1 Scene+ Point ≈ ¢0.7
- 6 Scene+ Points for each $1 spent on: grocery.6 Scene+ Points ≈ $0.042 in cash equivalent.
- 5 Scene+ Points for each $1 spent on: restaurants and entertainment.5 Scene+ Points ≈ $0.035 in cash equivalent.
- 3 Scene+ Points for each $1 spent on: gas, transit and streaming.3 Scene+ Points ≈ $0.021 in cash equivalent.
- 1 Scene+ Point for each $1 spent on: everything else.1 Scene+ Point ≈ $0.007 in cash equivalent.
- Foreign Transaction Fee: 2.5%.
No Fee, 0%! - Thorough insurance coverage for travel and purchases.
- Receive 30000 BMO points when you spend $3,000.00 during the first 3 months.
- Receive 2500 BMO points every month you spend at least $2,000.00 from 4 month for 12 months.
$120.00
Purchase: 20.99%
Cash: 23.99%
Transfer: 23.99%
Household: $100,000
Individual: $60,000
Fair
Rewards: BMO Points
1 BMO Point ≈ ¢0.33
- 5 BMO Points for each $1 spent on: gas, grocery, transit, restaurants and food delivery.5 BMO Points ≈ $0.0165 in cash equivalent.
- 1 BMO Point for each $1 spent on: everything else.1 BMO Point ≈ $0.0033 in cash equivalent.
- Receive 20000 Aeroplan points when you spend $6,000.00 during the first 4 months.
- Receive 20000 Aeroplan points when you spend $15,000.00 during the first 12 months.
- Receive 10000 Aeroplan points when you make 1 purchase.
- First Year Fee of $139.00 waived.
$139.00
Purchase: 20.99%
Cash: 22.99%
Household: $100,000
Individual: $60,000
Fair
Rewards: Aeroplan Points
1 Aeroplan Point ≈ ¢1
- 1.5 Aeroplan Points for each $1 spent on: gas, grocery and Air Canada.1.5 Aeroplan Points ≈ $0.015 in cash equivalent.
- 1 Aeroplan Point for each $1 spent on: everything else.1 Aeroplan Point ≈ $0.01 in cash equivalent.
Best Grocery Credit Cards for Cash Back
$0.00
Purchase: 19.99%
Cash: 24.99%
Transfer: 22.99%
Income Requirement Is Not Specified.
Fair
Cash Back
- 2% Cashback for each $1 spent on: gas and grocery.
- 0.5% Cashback for each $1 spent on: everything else.
- Receive $10 in statement credit every month you spend at least $300.00 for the first 10 months.
$0.00
Purchase: 20.99%
Cash: 21.99%
Income Requirement Is Not Specified.
Fair
Cash Back
- 2% Cashback for each $1 spent on: gas and grocery.
- 1.25% Cashback for each $1 spent on: everything else.
- Get up to 5% in Cashback on eligible purchases in the first 3 months. (Max Cashback $97.50)
- 0.99% Balance Transfer Rate for 9 Months with a 2% transfer fee.
$0.00
Purchase: 20.99%
Cash: 22.99%
Transfer: 22.99%
Income Requirement Is Not Specified.
Fair
Cash Back
- 3% Cashback for each $1 spent on: grocery.
- 1% Cashback for each $1 spent on: recurring bills.
- 0.5% Cashback for each $1 spent on: everything else.
$0.00
Purchase: 20.99%
Cash: 22.99%
Income Requirement Is Not Specified.
Fair
Cash Back
- 2% Cashback for each $1 spent on: grocery.
- 1% Cashback for each $1 spent on: everything else.
Check out other Cash Back Credit Cards.
Best No Fee Grocery Credit Card
- Receive 10000 Aeroplan points when you make 1 purchase.
$0.00
Purchase: 20.99%
Cash: 22.99%
Household: $15,000
Fair
Rewards: Aeroplan Points
1 Aeroplan Point ≈ ¢1
- 1 Aeroplan Point for each $1 spent on: gas, grocery and Air Canada.1 Aeroplan Point ≈ $0.01 in cash equivalent.
- 1 Aeroplan Point for each $1.5 spent on: everything else.1 Aeroplan Point ≈ $0.01 in cash equivalent.
$0.00
Purchase: 19.99%
Cash: 24.99%
Transfer: 22.99%
Income Requirement Is Not Specified.
Fair
Cash Back
- 2% Cashback for each $1 spent on: gas and grocery.
- 0.5% Cashback for each $1 spent on: everything else.
- Receive $10 in statement credit every month you spend at least $300.00 for the first 10 months.
$0.00
Purchase: 20.99%
Cash: 21.99%
Income Requirement Is Not Specified.
Fair
Cash Back
- 2% Cashback for each $1 spent on: gas and grocery.
- 1.25% Cashback for each $1 spent on: everything else.
$0.00
Purchase: 20.99%
Cash: 22.99%
Income Requirement Is Not Specified.
Fair
Rewards: Moi Points
1 Moi Point ≈ ¢0.8
- 2 Moi Points for each $1 spent on: gas, grocery, EV charging and restaurants.2 Moi Points ≈ $0.016 in cash equivalent.
- 1 Moi Point for each $1 spent on: everything else.1 Moi Point ≈ $0.008 in cash equivalent.
What Is the Best Credit Card for Groceries?
The best grocery credit cards in Canada can offer up to 6x points for every dollar spent and 5% in cashback. Many of the best credit cards in Canada offer cashback or rewards value of up to 5% for grocery shopping. Most credit cards for groceries are also instant approval credit cards that allow you to get approved within minutes.
A credit card for grocery shopping can help you save on groceries if you use your card correctly. Credit cards may not recognize some stores as grocery stores, and some cards may not be accepted in some stores. For example, American Express Cobalt offers 5x membership points for every dollar spent in grocery stores but cannot be used in Costco or Loblaws Supermarkets. You may also consider a store credit card if you shop mostly at a certain grocery chain. Many grocery stores offer no-fee credit cards with great rewards on groceries.
Some credit cards may also cap the cashback or bonus points you can receive from grocery purchases. For example, BMO Cashback Mastercardoffers 3% cashback on eligible grocery stores but only for up to $500 in monthly spending. Understanding the limitations of your credit card can help you maximize the rewards you get from the card.
Some credit cards may also have a cap on the amount of cashback or bonus points you can receive from grocery purchases. For example, BMO Cashback Mastercard offers 3% cashback on eligible grocery stores but only for up to $500 in monthly spending. Understanding the limitations of your credit card can help you maximize the rewards you get from the card.
How to Pick the Best Credit Card for Groceries
You should look at welcome bonuses, rewards, and annual fees offered by credit cards before choosing one. The best grocery credit card should be reasonably priced and offer rewards for the grocery stores you shop in. It is even better if the credit card has a generous welcome bonus and a low annual fee.
Welcome Bonus
A lot of credit cards have a welcome bonus. Welcome bonuses can be very generous and can offer rewards and other perks that value up to thousands of dollars. Many people use a credit card churning strategy to take the reward of welcome bonuses without paying hefty annual fees.
| Card | Welcome Bonus |
|---|---|
CIBC Aeroplan Visa Infinite Int. Rate: 20.99% Annual Fee: $139.00 | Up to 50000 Aeroplan points in Welcome Bonus Rewards:
|
CIBC Dividend Platinum Visa Int. Rate: 20.99% Annual Fee: $99.00 |
|
CIBC Aeroplan Visa Infinite Privilege Int. Rate: 20.99% Annual Fee: $599.00 | Up to 80000 Aeroplan points in Welcome Bonus Rewards:
|
AMEX Gold Rewards Int. Rate: 20.99% Annual Fee: $250.00 | Up to 60000 AMEX points in Welcome Bonus Rewards:
|
AMEX SimplyCash Preferred Int. Rate: 20.99% Annual Fee: $119.88 | Up to $400.00 in Welcome Bonus Rewards:
|
Rewards
Usually, credit card rewards either come in the form of cashback or loyalty points. Cashback offers cash as a reward, while loyalty point rewards offer rewards from an applicable loyalty program, for example Aeroplan rewards.
Cashback
If the cashback rate for a card is 4% on groceries, you earn 4% back on every purchase that qualifies as a grocery purchase. The cashback rewards are accumulated in your account and usually can be redeemed to pay off your credit card bill.
Reward Points
Reward points are not as straightforward as cashback. The redemption value of reward points usually varies depending on how you redeem them. Scene+ rewards points can be redeemed 1 cent per point for Cineplex movie tickets and 0.7 CPP for the statement credit.
Annual Fee
If your best credit card for groceries has a high annual fee, you may want to look for another grocery credit card. High annual fees can easily outweigh the benefit of having a grocery rewards card. For example, if you have a credit card with an annual fee of $100 and your annual reward is $100, your net reward for the year is $0. You should consider how much you will charge the card before picking an annual fee that will work for you.
| Annual Cost | Standard Benefits | Our Top Picks |
|---|---|---|
| $0 |
| |
| $39 |
| |
| $99 |
| |
| $120 |
| |
| Over $120 |
|
Other Considerations
It is also important to know your interest rates, insurance included, and other perks your credit card has. Even though these items are not as important, they may still affect your card's value.
Many people consider interest rate an important factor in choosing a credit card, but a rewards credit card should never have a balance. If you plan to carry a balance on your credit card, consider a low-interest credit card to minimize your interest charges.
If you plan to use your credit card while traveling, you should consider a travel credit card or a credit card with travel insurance. These credit cards may not have as much value at home, but they can be helpful abroad when medical services are needed.
Frequently Asked Questions
Is Walmart Considered a Grocery Store for Credit Cards?
Not all Walmart stores are considered grocery stores by credit card networks. While VISA and AMEX don’t categorize Walmart as grocery stores, Mastercard has categorized only Walmart Supercentres as grocery stores. If you shop for groceries at Walmart Supercentres, you should consider getting a Mastercard.
Is Costco Considered a Grocery Store for Credit Cards?
Costco stores are also not categorized as grocery stores by credit card networks. Instead, Costco is categorized as a discount merchant, and you will earn only the base cash back or reward points rate at Costco. To maximize rewards at Costco, you can get a CIBC Costco credit card that offers up to 3% on Costco purchases.
What Credit Cards Does Costco Canada Accept?
Costco accepts only Mastercard credit cards for credit card payments. Costco does not accept Visa and AMEX credit cards. Considering that Costco is not categorized as a grocery store by credit card networks, you could use a Mastercard that offers a high base reward rate to earn maximum rewards at Costco.
Does No Frills Accept Visa?
No Frills now accepts both Visa and Mastercard Credit Cards. No Frills does not accept AMEX credit cards at this time. No Frills also does not currently accept Mastercard Debit.
What Grocery Stores Accept AMEX in Canada?
Major Canadian groceries that accept AMEX are Walmart, Sobeys, Longo’s, IGA, FreshCo, Rabba, Metro, Farm Boy, Foodland, Safeway, Pusateri’s, 88 Supermarket, and Whole Foods. Some stores, such as the Loblaws Companies, do not accept AMEX. You can also use AMEX to purchase groceries through Instacart.
Disclaimer:
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